A $60 million mixed-use development is in the works for a 1.5-acre parking lot owned by Wayne State University at Cass Avenue and Canfield Street in Detroit's Midtown neighborhood. The Wayne State University Board of Governors voted Friday for WSU to enter a memorandum of understanding and long-term lease with Birmingham, Mich.-based Broder & Sachse Real Estate Services, after soliciting requests for proposals (RFPs). The nine-floor development, expected to be complete in 2016, calls for 248 market-rate apartments, 19,000 square feet of ground-floor retail space, a 120-room hotel and a conference center. "In addition to providing much-needed housing and hotel and conference facilities, this project will enhance the connection between our main campus and our medical campus, as well as further promote Midtown as a walkable and bikeable neighborhood," Wayne State President M. Roy Wilson said in a statement. "Wayne State remains committed to being a leader and catalyst for economic growth in Detroit."

http://www.mlive.com/business/detroit/index.ssf/2013/11/60_million_mixed-use_developme.html
http://asumag.com/blog/60-million-retail-residential-project-approved-wayne-state-university
http://www.hotel-online.com/press_releases/release/60-million-mixed-use-development-at-wayne-state-university-to-include-hotel